Risk management is the total approach to the protection of an
organisation’s assets, environment, and the achievement of the organisation’s
goals or objectives. It is a logical, systematic method of identifying,
analysing and treating, monitoring and communicating hazardous or potential
risk situations associated with the activities, function and processes of
business.
This module covers:
- The business environment
- Risks involved in business operations
- Identifying risks
- Contingencies
- Analyse and evaluate risks
- Risk assessment and control
- Treating risks
- Planning controls
- Auditing the success of risk controls
- Collecting performance data
- Documentation—records and reports
- Workplace competencies supporting workers